Molycorp Inc. laid out the financial facts that it says justify allowing it to exit Chapter 11 bankruptcy in trimmed-down form as opposed to being pushed into a liquidation. The Greenwood Village-based rare-earths company says it would be valued at $252 million at most in a liquidation scenario, far from enough to cover more than…
By: ENS Economic Bureau | Published:December 29, 2015 1:27 am What happened this year THE RESERVE BANK OF INDIA cut repo rate by 125 basis points. The Centre and the RBI also signed a Monetary Policy Framework agreement in February to maintain price stability and growth. As per the agreement, RBI would set the policy…
©Reuters What do you think eurozone policymakers need to do next to boost the regions recovery? Number of responses: 33 Anonymous Each economy has its own country-specific homework to do, but increasing productivity (for instance in Italy) should be very high on the policymakers agenda. Speaking from a eurozone perspective, I would like to see…
Troubled training provider Vocation has collapsed into voluntary administration, just over 12 months since the company was forced to forfeit $19.6 million in government funding. The appointment of Ferrier Hodgson as administrators also comes after the training provider entered several trading halts during 2015. The public-listed company is also subject to three class actions…
Simmone Laval, 37, was arrested after a year-long police investigation In 2010 alone, she took £48,000 from work and put it into her own account Some of her colleagues were made redundant after the firm went bust Police said Laval ‘took complete advantage’ of the trust of her directors By Darren Boyle for MailOnline…
Written by Sunny Verma | New Delhi | Published:December 26, 2015 4:42 am Arun Jaitley In order to develop the corporate bond market, the finance ministry and the Reserve Bank of India are planning to restrict the amount of working capital funds and term loans that companies can borrow from banks. The ministry and the…
A winter wonderland attraction has been forced to close down due to the unseasonably mild weather. Colchester Winter Wonderland and Ice Rink opened 25 days ago but has been unable to open on six of those days. About 5,000 people are thought to have booked tickets to attend between now and January 3. But attraction…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…
Ken Rosewall owned now defunct stockbroking firm BBY with his son, Glenn Rosewall. Photo: Jesse Marlow Liquidator KPMG’s report into BBY has unmasked the scale of compliance shortcomings and dubious practices at the failed stockbroking firm, noting that the firm’s investment in Firestone Energy was pivotal in denting its financial position and contributing to its demise. BBY collapsed spectacularly in…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…